The US has had a mixed Socialist/Capitalistic Economy for a long time. Here in New York we get European Taxes that might break usury law's without any of the benifits that European's get. We have had Democratic rule for over the past two years and Pelosi and Reid calling the shots in the USA, people sniping and making jokes about Bush and now the Shortbus president is the real Ruler, being both Chief Executive and running his Party.
The Market does not like the lack of focus and disciplne Shortbus has brought to Washington, his Stimulus Plan is mostly Pork and little Stimulus.
I've called my Congressman and Senators recommending several things.
1. Let Business write off capital expenditure in the year the money is spent, and abate taxes, let them use losses and capital spent immediatly without limit. The result would be they invest in production and plant with people being hired.
2. People do not like the idea of others getting a free ride on mortgages while 93% to 94% of Americans pay thier mortgage on time. Let those people in trouble use Ethical Lender's as highlighted by ABC News
http://abcnews.go.com/Business/Econo...6934151&page=1 and those that were flipping properties let them fail. Give 30, 40 and 50 year Mortgages to those that need lowered payments, don't pay off thier principle and force the rest of us to pay. The Government can also use the Treasury to bring about 4% Mortgages, that alone will save some barrowers, increase home purchases and lower payments for all Americans.
3. Don't raise taxes in a recession as Shortbus plans. The usual result is a deeper recession.